Description: Reg Z Credit Cards discusses how the CARD Act enhances the provisions of the Truth in Lending Act and Regulation Z to protect consumers against unfair credit card practices. The course includes the key provisions of the CARD Act regarding how the CARD Act protects consumers from unexpected interest charges; requires that consumers receive a reasonable amount of time to make their credit card payments, enhances required disclosures, and allows consumers to access credit on terms that are fair and more easily understood.

Note: The Reg Z Overview course must be taken at least once before any other Reg Z course is attempted.

Audience: Consumer Lenders, Call Center Representatives and CSRs at banks that offer consumer credit cards

Learning Objectives: After completing this course, students will be able to:

• Identify the key points in the credit card account rule
• Examine the restrictions of interest rate increases
• Examine the limitations set on fees and penalty interest
• Identify the reasonable due date rules for payment deadlines
• Identify requirements for periodic statement disclosures.